From Georgia Politico:
Of the five properties we have records for, Cagle’s disclosure values them at $1,210,000. Tax Records value them at approximately $745,100. It APPEARS Cagle has over-estimated his property values by nearly half a million dollars.
The reason I bring this up is twofold.
First, property value has become a big deal in these races. Nathan Deal is manipulating his for obvious reasons – Why is Cagle significantly overestimating his?
Second, I am by no means an expert of property taxes, but it seems like the school system could use that money. In Gainesville, Cagle paid roughly 1% of his property’s value in tax. If his property is actually worth the extra $500,000, he should pay 1% ($5,000) to his local school board. I am sure they could use the money.
September 29, 2010 at 8:56 pm
Excellant point! The education system could certainly use the extra money..
September 29, 2010 at 9:09 pm
[...] Casey Cagle Property Values (via Left on Lanier) Posted on September 30, 2010 by sleeplessinhabersham From Georgia Politico: Of the five properties we have records for, Cagle’s disclosure values them at $1,210,000. Tax Records value them at approximately $745,100. It APPEARS Cagle has over-estimated his property values by nearly half a million dollars. The reason I bring this up is twofold. First, property value has become a big deal in these races. Nathan Deal is manipulating his for obvious reasons – Why is Cagle significantly overestimating hi … Read More [...]